Buffett Berkshire Hathaway continues to reduce its stake in BYD to 9.87%
Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com on May 8, Berkshire Hathaway reduced its stake in BYD from 10.05% to 9.87% on May 2, according to documents disclosed by the Hong Kong Stock Exchange.
Disclosure by the HKEx requires disclosure when major shareholders increase or decrease their holdings only across a certain integer percentage.
CTOnews.com noted that since Berkshire Hathaway first reduced its stake in BYD on August 24, 2022, it has launched more than 10 consecutive announcements to reduce its H-share holdings, falling from 19.92% on August 24, 2022 to 9.87% today.
